Top cryptocurrencies gaining traction in the market and can be invested in 2022!

With rising popularity, cryptocurrencies have been gaining traction these days. As depicted by the Best cryptocurrency development company, there are over 16,000 cryptocurrencies in circulation across the globe. This can make it quite a challenging task while choosing the right one for investment. These digital assets are also serving the purpose of making payments for product purchases, so it is important to know more about the crypto that you are investing in.

Which cryptocurrencies can the right option for investment in 2022?

As said earlier, cryptocurrencies have been a boon across the world. Apart from global statistics, Cryptocurrency trading in India is also on the rise with thousands of currencies in circulation in the market today. So, it is best to choose the very best out of the pack to get a huge return on investment, and some of the best ones can be –

·         Binance coin (BNB): With a market cap of over $86 billion dollars this is one such cryptocurrency that can be invested in and can even be used for paying transaction fees on Binance as well. It is one of the largely invested cryptocurrencies across the world. After its launch in the year 2017, the Binance coin has facilitated trades on Binance’s crypto exchange platform.

·         Ethereum (ETH): With a market cap of over $447 billion Ethreum can be a good option for investment in 2022. This crypto works on its native Ethereum blockchain where the smart contracts automatically execute when preset conditions are met. Ethereum is a non-fungible token that has experienced tremendous growth and it is still on the rise.

·   Bitcoin (BTC): With a market cap of $882 billion Bitcoin is the best cryptocurrency that can be invested in 2022. Same as other cryptocurrencies, BTC runs on a blockchain where ledger transactions are distributed across a network of supercomputers. Bitcoin works on a Proof-of-Work consensus (PoW) mechanism which keeps it safe and secure from fraudsters.

·         Tether (USDT): With a market cap of $78 billion, this cryptocurrency is one such stablecoin that can be invested in 2022. This digital asset is supported by the US dollar and Euro and its value is equal to one of the denominations found with Euro and Dollar. The value of the cryptocurrency remains consistent than other assets, which is the reason why it is favored by almost every crypto investor.

·    Solana (SOL): With a market cap of $52 billion, this cryptocurrency is developed to power decentralized finance or Defi and decentralized apps or DApps. This cryptocurrency can be a good investment option for investors in 2022. Solana runs on both PoS and PoH consensus mechanisms. These mechanisms help in processing transactions at a faster rate.  

There is no doubt about the fact that cryptocurrencies are here to stay, so before choosing one for investment it is important to remember that crypto can never be a get-rich-quick scheme. With rapid Crypto exchange development across the world, it is clearly evident investment in cryptocurrencies can give huge returns compared to the traditional model of investment.